India likely to loose its 'fastest growing economy tag' as growth took hit from weakening demand - Shahpur Turk CSC - Common Service Centre in Sonipat India likely to loose its 'fastest growing economy tag' as growth took hit from weakening demand

10 January 2023

India likely to loose its 'fastest growing economy tag' as growth took hit from weakening demand

India's GDP updates: Hit by weakening demand, the Indian economy is expected to grow at a slower 7 per cent rate in the current fiscal ending March 2023, setting the stage for the country losing the fastest-growing major economy tag. The 7 per cent expansion projected in the first official estimate released by the Statistics Ministry compares with 8.7 per cent gross domestic product (GDP) growth in 2021-22.

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